v3.26.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Information  
Schedule of disaggregates revenue by segment and by source

  ​ ​ ​

Three months ended

March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

amounts in thousands

Baseball:

 

  ​

 

Baseball event

 

$

23,738

883

Broadcasting

 

 

2,519

4,291

Retail and licensing

 

 

7,283

6,080

Other

 

 

12,206

17,367

Total Baseball

 

 

45,746

28,621

Mixed-Use Development

 

 

26,261

18,590

Total revenue

 

$

72,007

47,211

Schedule of revenue and adjusted OIBDA

Three months ended

March 31, 2026

amounts in thousands

Baseball

Mixed-Use Development

Total

Revenue from external customers

$

45,746

$

26,261

$

72,007

Less: (1)

Baseball operating costs

56,616

Mixed-Use Development costs

4,258

Other segment items (2)

21,463

4,407

Segment Adjusted OIBDA

(32,333)

17,596

$

(14,737)

Reconciliation of Adjusted OIBDA

Corporate and other costs

(2,820)

Stock-based compensation

(6,568)

Depreciation and amortization

(17,126)

Operating income (loss)

$

(41,251)

Interest expense

(11,170)

Share of earnings (losses) of affiliates, net

(320)

Realized and unrealized gains (losses) on financial instruments, net

927

Other, net

1,194

Earnings (loss) before income taxes

$

(50,620)

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Other segment items represent selling, general and administrative costs, excluding stock-based compensation expense and other insignificant items.

Three months ended

March 31, 2025

amounts in thousands

Baseball

Mixed-Use Development

Total

Revenue from external customers

$

28,621

$

18,590

$

47,211

Less: (1)

Baseball operating costs

48,763

Mixed-Use Development costs

2,408

Other segment items (2)

19,458

3,295

Segment Adjusted OIBDA

(39,600)

12,887

$

(26,713)

Reconciliation of Adjusted OIBDA

Corporate and other costs

(1,836)

Stock-based compensation

(2,646)

Depreciation and amortization

(13,257)

Operating income (loss)

$

(44,452)

Interest expense

(10,344)

Share of earnings (losses) of affiliates, net

322

Realized and unrealized gains (losses) on financial instruments, net

(637)

Other, net

1,213

Earnings (loss) before income taxes

$

(53,898)

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Other segment items represent selling, general and administrative costs, excluding stock-based compensation expense and other insignificant items.